A dream home, in the dream location, has sold for more than $48 million — smashing the local sales record along the way. Check it out.
Hale ‘Ae Kai, widely known as Hawaii’s most luxurious estate, sold late last year and shattered all sales records for the state at $48.3 million.
It was offered by its creator co-chief executive of Morgan Stanley’s operations in the Asia-Pacific region, William H. Strong and his wife Sandi, who will be handing over the keys to paradise to the next billionaire.
According to toptenrealestatedeals.com, the estate couldn’t be better located — part of which is why it so valuable.
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On a massive block on the most tropical of the islands, Kauai, it is surrounded by lush farmland from ocean to mountains, yet is still only a five minute bicycle ride to shops.
Kauai’s population is very serious about maintaining their unique use of the land and have created laws to insure its exceptional natural beauty into the future.
Ninety per cent of the island is allocated for conservation and agriculture and buildings on the island can be no taller than the palm trees.
Considered to be the best example of a tropical paradise close to the U.S. mainland, it consistently attracts filmmakers who have produced over 60 movies filmed on the island with popular movies Jurassic Park, Pirates of the Caribbean, Fantasy Island and Indiana Jones to name a few.
Though probably not immediately obvious to guests who are mesmerised by the home and spectacular beach, Hale ‘Ae Kai, is actually a working farm overseen by a caretaker with his own residence, and produces coconuts, bananas, white pineapple, citrus trees and fresh vegetables from its own organic orchards and gardens.
- news.com.au
